Nordson Corporation (NDSN) Given Average Recommendation of “Buy” by Brokerages

Nordson Corporation (NASDAQ:NDSN) has received an average rating of “Buy” from the fourteen research firms that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $140.33.

NDSN has been the subject of several recent research reports. Zacks Investment Research lowered Nordson from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. FBR & Co set a $160.00 target price on Nordson and gave the company a “buy” rating in a report on Monday, September 11th. SunTrust Banks reaffirmed a “buy” rating and set a $135.00 target price on shares of Nordson in a report on Friday, October 27th. KeyCorp reissued a “buy” rating and set a $145.00 price objective on shares of Nordson in a report on Thursday, October 12th. Finally, Robert W. Baird reissued a “hold” rating and set a $138.00 price objective on shares of Nordson in a report on Wednesday, October 4th.

In other news, VP James E. Devries sold 5,000 shares of the stock in a transaction on Monday, September 25th. The stock was sold at an average price of $118.01, for a total value of $590,050.00. Following the sale, the vice president now directly owns 41,937 shares of the company’s stock, valued at $4,948,985.37. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.15% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in NDSN. Mckinley Capital Management LLC Delaware bought a new position in shares of Nordson in the second quarter worth about $104,000. D.A. Davidson & CO. raised its stake in shares of Nordson by 2.3% in the second quarter. D.A. Davidson & CO. now owns 974 shares of the industrial products company’s stock worth $118,000 after buying an additional 22 shares during the period. IFP Advisors Inc raised its stake in shares of Nordson by 1.5% in the second quarter. IFP Advisors Inc now owns 1,410 shares of the industrial products company’s stock worth $171,000 after buying an additional 21 shares during the period. Quantbot Technologies LP raised its stake in shares of Nordson by 1,168.2% in the third quarter. Quantbot Technologies LP now owns 1,636 shares of the industrial products company’s stock worth $193,000 after buying an additional 1,507 shares during the period. Finally, Opus Capital Group LLC bought a new position in shares of Nordson in the second quarter worth about $208,000. 65.74% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Nordson (NASDAQ:NDSN) opened at $128.36 on Friday. The company has a market capitalization of $7,442.30, a price-to-earnings ratio of 23.98, a PEG ratio of 1.48 and a beta of 1.40. Nordson has a 52 week low of $103.76 and a 52 week high of $131.49. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.47 and a current ratio of 2.10.

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About Nordson

Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.

Analyst Recommendations for Nordson (NASDAQ:NDSN)

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